The most popular specialization in MBA program is the finance and accounting specialization. It is considered the most effective and recession proof specialization and often is the best package earner amongst all specializations. MBA finance and accounting involves hardcore accounting techniques and financial management skills. Every organization in spite of its scale i.e. large or small requires the services of finance managers and personnel’s; there by yielding the need to hire finance and accounting management students. The dual specialization program has very prominent modules covered during a period of two years which play crucial role in transforming a management student into a management professional; who is ready to analyze business risks and have enough capability to overcome it too.
The important topics taught in MBA Finance and accounting are as follows:
- Management of Financial Institutions
- Foundation to Management
- Public Investment Planning and Pricing
- Strategic Management
- Financial Statement Analysis
- Human Resource Management
- Valuation, Mergers, Acquisitions and Corporate Control
- Marketing Management
- Accounting Information System
- Financial Engineering and Management
- Fiscal Policies and Taxation Management
- Management Control Systems
- Investment Banking and Financial Services
- Security Analysis and Portfolio Management
- International Finance and Accounting
- Derivatives and Risk Management
- Business Analysis and Valuation
- Internet Marketing
- Professional Communications
- Operations Management
- Product Management
- Business Improvement Techniques
- Marketing Tools Practicum
- Advertising & Promotion
- International Negotiation
- Case Studies in Financial Management
- Advanced Cost Accounting
- IT Auditing
- Controllership
- Energy Accounting & Taxation
- Strategies in a Global Environment
- Essentials of Business Development
- Marketing Principles
- The Ethical & Legal Environment of Business
- Accounting for Non-Profit Organizations
- Income Tax Research
- Derivatives
- Money & Banking
- Independent Study
- Internship
- Global Management
Eligibility and Duration
The minimum eligibility to enter a MBA course is 12th standard certificate, minimum 55% in graduation from a recognized university and MBA entrance exam score. There are a number of entrance exams which are conducted by different recognized bodies like CAT, MAT, GMAT, XAT etc. Every entrance exam has different eligibility percentage; which a student must attain to appear for different colleges and universities. It should be noted that every institute, university or collage do not necessarily credit all the entrance exams. Institutes also conduct their own entrance exams rather than accepting scores from other exams. Entry to a MBA program is also requires personal interview which is mandatory. The duration of a regular degree MBA course is two years.
Scope and Job Prospects
There is immense scope for a post graduate management student in finance and accounting. Student according to his skills and capabilities can be absorbed at various levels and be given duties such as accounting managers, cash managers, financial analysts, investment managers, risk and insurance managers, bank associates etc. and at higher strata’s of management can be positioned as CFO i.e. chief financial officer.
